What are Inbound and Outbound activities? Give three examples of Inbound and two Outbound CSR activities by banks.
CS Professional · CSR and Social Governance · PYQS · June 2024
What are Inbound and Outbound activities? Give three examples of Inbound and two Outbound CSR activities by banks.
Answer & Explanation:
The CSR activities can be divided into two types as inbound activities and outbound activities. Inbound activities are those activities which are performed using CSR funds with an objective and strategy of helping the organizations business activities indirectly. Whereas activities with indirect business benefits are called outbound activities. Examples of Inbound Activities: Online application and virtual assistance. Solar ATM to reduce green gas emission. Online banking saving time and cost. Examples of Outbound Activities: Improve our governance system by emphasizing ethics, openness, and accountability. Mitigation of poverty.
Topics: Corporate Social Responsibility (CSR)
Related Questions in this Topic
- According to the January 2021 amendment, impact assessment is mandatory for companies with a CSR budget of ₹ 5 crore or ...
- Analyse the most important benefits of conducting an impact assessment of a CSR project.
- Companies nowadays adopt CSR not because it is a legal compulsion but also because it helps in increasing their brand va...
- Companies nowadays adopt CSR not because it is a legal compulsion but also because it helps in increasing their brand va...
- State Bank of India (SBI), under Section 135 of the Companies Act, 2013, implements a robust Corporate Social Responsibi...